Trading software

Tuesday, April 17, 2012

Trading in a range

The inplay trades have been stuck in a rut lately, winning money then losing, then winning - but going nowhere really. As you can see from the graph below, it hit a high of €260 to a €10 stake at trade number 151, but I'm about €30 short of that at the moment and we are now at trade number 263.

If that chart were a stock price, I guess you would say it is 'trading in a range'.

I'm not certain it's anything to worry about - a couple of those bets were recorded as losers even though I was partly matched on a few. For records, though, I just put them down as losers. But I'm finding it hard to kick on again which is frustrating. Maybe it's the season changeover? Or maybe they grew a bit quick at the start - I don't know but sure I'll keep plugging away. I know that targets can be a bad idea so at the moment, the aim is simply to get past €260 and create another all time high.

Regarding the financial trading, I'm holding off on that for a bit. MarketSpreads reckon they'll be up and running again soon but I'll wait and see. I wonder if the other spread firm's books are OK? It's a bit of a worry for account holders but sure we will wait and see.

Here's the inplay trade stats, and today's inplay trades are posted below, under the chart. All trades are recorded to a €10 stake, laying back with €20 and assumes commission is 5%:

About Me

WAYNE Bailey was born in Dublin where he still lives with daughter. A librarian by profession, Wayne has always had a passion for betting and trading and has spent various periods throughout his life as a professional gambler. In 2007, he graduated from University College Dublin with a degree in social science and information studies and four years later, he completed a diploma in financial trading from the Irish Institute of Financial Trading. More recently, he studied psychology and the behaviour of the human mind. Wayne is a regular contributor to various newspapers and websites in the UK and Ireland, and he currently pens the Betting Ring column which enjoys a large dedicated following every Saturday in Ireland’s largest selling newspaper The Irish Independent. Wayne's book 'Sports Trading on Betfair' was published in 2014. Email: waynebaileyracing@gmail.com